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Jul 18, 2012
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america is on the edge of a fiscal cliff. democrats are threatening to let all of the bush era tax cuts expire rather than extend them for the rich. but is it just a threat? >>> could american flight schools still unknowingly be training terrorists? the first look at the disturbing new study that shows some gaping holes in the government's security net. plus, part two of our one-on-one with richard branson. wait until you hear his answer when i ask him about his biggest regret. "starting point" begins right now. >>> welcome, everybody, our starting point this morning, more than half of the u.s. battling a devastating drought, disaster areas have been declared in more than 1,000 counties across 26 states. the bone dry conditions are destroying farm crops and one analyst estimates that 75% of the corn crop in the drought region is now wiped out. that could drive up food and fuel prices across the entire country and brings us to rob marciano live in bu. >> we have corn that should be taller than it is right now because of the dr
america is on the edge of a fiscal cliff. democrats are threatening to let all of the bush era tax cuts expire rather than extend them for the rich. but is it just a threat? >>> could american flight schools still unknowingly be training terrorists? the first look at the disturbing new study that shows some gaping holes in the government's security net. plus, part two of our one-on-one with richard branson. wait until you hear his answer when i ask him about his biggest regret....
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Jul 18, 2012
07/12
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we've been talking about the fiscal cliff. what is it exactly? christine romans has a look at this for us. >> well, it's replaced europe as the biggest threat to the recovery here. "the washington post" this morning puts it like this. the main threat to the economy is shifting from what others may do to us to what we are doing to ourselves. what are we doing to ourselves? well, first thing, huge automatic tax increases. on january 1 next year, the bush cuts, the alternative minimum tax, expire. that means if nothing changes, your taxes will likely go up. at the same time, medicare doctor pay will also go down. on top of all of that, at the very same time, massive cuts to federal spending. if current law stays in place, the government must slash $1 trillion from spending over the next nine years. half from the defense department, half from nondefense spending. the bipartisan policy center says it will cost about one million jobs over two years, and those aren't just government jobs. jobs in the private sector, many from contractors working with th
we've been talking about the fiscal cliff. what is it exactly? christine romans has a look at this for us. >> well, it's replaced europe as the biggest threat to the recovery here. "the washington post" this morning puts it like this. the main threat to the economy is shifting from what others may do to us to what we are doing to ourselves. what are we doing to ourselves? well, first thing, huge automatic tax increases. on january 1 next year, the bush cuts, the alternative...
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Dec 6, 2012
12/12
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especially if we go over the fiscal cliff. what top economists are saying about your investments. >>> and is this what the fiscal cliff deal has come to? why 81-year-old former senator alan simpson is going gangnam style to get everyone's attention on debt. >> it has officially jumped the shark. >>> alan st. pierre is the executive director for the national,or for the reform of marijuana laws. oregon senator jeff merkley, heidi ewing, and rachel grady will be joining us. steve satich, ohio congressman, steve latourette, and ambassador nick burns are our guests this morning. it's thursday, december 6th, and "starting point" begins right now. >>> welcome, everybody. our starting point this morning, some major developments to tell you about in egypt, after angry protests against political moves by the president, mohamed morsi, have turned deadly. tanks, armored personnel vehicles, all stationed outside the presidential analysis cairo. not only are they guarding the palace, they're also keeping apart supporters and opponents of mo
especially if we go over the fiscal cliff. what top economists are saying about your investments. >>> and is this what the fiscal cliff deal has come to? why 81-year-old former senator alan simpson is going gangnam style to get everyone's attention on debt. >> it has officially jumped the shark. >>> alan st. pierre is the executive director for the national,or for the reform of marijuana laws. oregon senator jeff merkley, heidi ewing, and rachel grady will be joining us....
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and trying to figure out every last move in the fiscal cliff? do you worry about that from your colleagues in the house? >> well, i've got to tell you, i've been here 18 years. this is going to be a negotiation between the president of the united states and house speaker john boehner. and so we have engaged in some charades over the last 18 years where we all like pretend to be working in our offices, but we're not doing anything to get this done because there's nothing we can do. this is going to be a discussion between the top leaders of the house and the white house. and when they signal -- sort of like the pope being elected. when the white smoke comes out of the capitol, we can come back and execute the deal. >> wow, i don't know how i feel about the whole pope reference, talking about congress. >> that's better than being sentenced to church, i guess. >> i suppose that is true. and, in fact, that's going to be our next story. steve latourette, always nice to have you. when you're in new york, we would love to have you come and sit down wit
and trying to figure out every last move in the fiscal cliff? do you worry about that from your colleagues in the house? >> well, i've got to tell you, i've been here 18 years. this is going to be a negotiation between the president of the united states and house speaker john boehner. and so we have engaged in some charades over the last 18 years where we all like pretend to be working in our offices, but we're not doing anything to get this done because there's nothing we can do. this is...
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Dec 5, 2012
12/12
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wouldn't that bring an end to the fiscal cliff? we could wrap it up now and everybody could go on vacation? >> yes, but you're asking the wrong guy. i'm not in congress. >> but you're on set, will. come on, suck it up! >> i'm going to answer. i'm always happy to talk if you're going to put the camera on me. i can see reality in front of me and see that republicans have very little leverage to decide or impose their will on this outcome. that being said, what they're looking at is how can we kind of salvage a political victory out of this and stand for what we want? as you've had people on this program suggest, it may just be going over the fiscal cliff and not voting for a tax raise and then later negotiating taxes down. >> republicans will be blamed, polls show, if we go over the cliff. >> let's turn to jeb henserling, newly named chairman of the house committee and co-chair on the super committee. we heard will saying how do you salvage a political victory? the reality is if nothing is done, if you cannot get together, you go ove
wouldn't that bring an end to the fiscal cliff? we could wrap it up now and everybody could go on vacation? >> yes, but you're asking the wrong guy. i'm not in congress. >> but you're on set, will. come on, suck it up! >> i'm going to answer. i'm always happy to talk if you're going to put the camera on me. i can see reality in front of me and see that republicans have very little leverage to decide or impose their will on this outcome. that being said, what they're looking at...
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Oct 12, 2012
10/12
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that's the fiscal cliff. the tax increases and spending cuts that are coming at the start of next year. the treasury debt ceiling has to be increased again. summer before last, that was very painful. and either president has to lay out a credible path to deficit reduction to stabilize their debt load. if they can do that. and i think either president can, then our economy is going to, i think, get its groove back and i think we should be below 6% by the end of -- >> that's nice to hear. you say either president can. that's going to require leadership with a congress that so far has not been amenable to, you know, making tough decisions at any time past the last minute or even punting on them. yesterday alan simpson on cnbc had these choice words, shall we say, about the congress that this president and the next president will have to deal with. listen. >> they really believe honestly that no congress could be this stupid. and by god they can. >> he's talking about people who think that they're going to be abl
that's the fiscal cliff. the tax increases and spending cuts that are coming at the start of next year. the treasury debt ceiling has to be increased again. summer before last, that was very painful. and either president has to lay out a credible path to deficit reduction to stabilize their debt load. if they can do that. and i think either president can, then our economy is going to, i think, get its groove back and i think we should be below 6% by the end of -- >> that's nice to hear....
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let's go back to the fiscal cliff. we also should get a little counter for the fiscal cliff. 53 days. christine's got an update on what it will mean if we hit it in 53 days. >> pretty alarming report out from the congressional budget office about this. it said in the post-election report on the fiscal cliff, it will lead to a recession and a spike in unemployment to 9.1%. congress, running out of time to prevent taxes rising for everyone and to prevent across-the-board 8% to 10% cuts for agencies like the fda, cdc, border patrol, education. the cdc director has said this, the reduction will risk costly and deadly spread of disease, and failures to prevent tragic and expensive health problems. every government agency is trying to figure out what these cuts will do to their ability to work for the people. the cbo also found that raising taxes just on the wealthy would not meaningfully hurt economic growth. quick check of the market right now. u.s. stock futures are mixed. the dow and the s&p 500 stock futures are down. n
let's go back to the fiscal cliff. we also should get a little counter for the fiscal cliff. 53 days. christine's got an update on what it will mean if we hit it in 53 days. >> pretty alarming report out from the congressional budget office about this. it said in the post-election report on the fiscal cliff, it will lead to a recession and a spike in unemployment to 9.1%. congress, running out of time to prevent taxes rising for everyone and to prevent across-the-board 8% to 10% cuts for...
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Dec 4, 2012
12/12
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we'll go off the fiscal cliff, down the fiscal slope. yes i think it will happen because it is the one way republicans can, without violating the pledge, and offending the grand inquisitor grover norquist, it's the one way they can let this happen. >> and, in fact, you know, what could happen, you can imagine a scenario where you go off the cliff on taxes, rates go up for everybody, you then vote to restore the rates for the vast majority of taxpayers, 98%, and further it is even conceivable you negotiate down the top rates in the level under bill clinton a little bit by putting in the pot offsetting deductions for credits which would allow republicans to claim some sort of victory as well. that could be a scenario where you have a consensus on the tax run. >> let's run all of this by representative xavier becerra of california. he's joining us now. nice to see you, sir 367 appreciate your time. what is really the white house dismiss kind of out of hand i mean i don't have the exact number of minutes that they had this republican proposa
we'll go off the fiscal cliff, down the fiscal slope. yes i think it will happen because it is the one way republicans can, without violating the pledge, and offending the grand inquisitor grover norquist, it's the one way they can let this happen. >> and, in fact, you know, what could happen, you can imagine a scenario where you go off the cliff on taxes, rates go up for everybody, you then vote to restore the rates for the vast majority of taxpayers, 98%, and further it is even...
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Nov 29, 2012
11/12
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want to continue the conversation on fiscal cliff. this one republican has really been making news with this -- we'll call it an outside the box idea to avoid at least part of this fiscal cliff. he is suggesting to extend the bush cuts for the 98% of americans right now since at least both sides agree that has to happen and then haggle over the top 2% later. >> the republican in the middle of this all is congressman tom cole from oklahoma. congressman cole, speaker boehner and others have thrown cold water on this idea. let's clear this up right now. you still stand by this notion, pass the tax cuts for the 98% right now, deal with the 2% after the new year but essentially let those da tax breaks for the top 2% expire? >> i do think where we agree on 98%, we should take that off the table so americans don't have to worry about that. that actually strengthens our position. at the end of the day it's a discussion amongst republicans over tactic, not a division or debate. the president would be well advised if he's serious to actually br
want to continue the conversation on fiscal cliff. this one republican has really been making news with this -- we'll call it an outside the box idea to avoid at least part of this fiscal cliff. he is suggesting to extend the bush cuts for the 98% of americans right now since at least both sides agree that has to happen and then haggle over the top 2% later. >> the republican in the middle of this all is congressman tom cole from oklahoma. congressman cole, speaker boehner and others have...
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Nov 14, 2012
11/12
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i want to talk about the fiscal cliff. because 48 days and counting, kind of like this big tic toc, tic toc going. how likely do you think that there will be compromise? anybody can jump in. >> i think the odds are fairly high they will muddle through in some form. i just think the pressures will be great enough, they'll feel they can't go home without doing something. it will probably look inelegant, and nobody will be particularly happy. but we'll get to january. is my guess. >> if we don't, you end up having high unemployment, right? predictions are 9.1%. you end up having -- >> i mean i think people need to be worried that we're going to have high unemployment no matter what we do. because you have a european situation getting worse every day. you have japan, which is the forerunner of this whole mess, has now been basically recession since 1989. and you have, i think, a slowing of china and india in a way that is not helpful. so i think there's real pressure on the president and the congress not just to muddle through
i want to talk about the fiscal cliff. because 48 days and counting, kind of like this big tic toc, tic toc going. how likely do you think that there will be compromise? anybody can jump in. >> i think the odds are fairly high they will muddle through in some form. i just think the pressures will be great enough, they'll feel they can't go home without doing something. it will probably look inelegant, and nobody will be particularly happy. but we'll get to january. is my guess. >>...
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Dec 3, 2012
12/12
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we've been really focused today on the fiscal cliff. syria another big story we're following as well. >> i know you got a tour coming up in l.a. not in new york. what's that about? >> i'm starting small in l.a. it's called the kamau uprising. bring a friend of a different race you get in two for one. >> oh, i love that. that's very nice. nan, what you got for us? >> i listen to kamau and barbara talk about the opportunities we have for harmony and for bettering our world. we have a lot of challenges around the world. and people all over the world look to the united states, think about the china house with the mothers, for us to be the leaders, for us to have the strongest economy and the best in the world. >> what are you thinki ithey th sit here and fight over the fiscal cliff still years in. >> we will resolve this. we always have. i hope that americans will think about what has made us strong. and it is individual initiative. us helping each other in our communities. having a government that respects us. and that's the right size. an
we've been really focused today on the fiscal cliff. syria another big story we're following as well. >> i know you got a tour coming up in l.a. not in new york. what's that about? >> i'm starting small in l.a. it's called the kamau uprising. bring a friend of a different race you get in two for one. >> oh, i love that. that's very nice. nan, what you got for us? >> i listen to kamau and barbara talk about the opportunities we have for harmony and for bettering our...
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Dec 21, 2012
12/12
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is the fiscal cliff already here? >>> church bells will ring 26 times for the victims in sandsy hook. one week after the terrible tragedy. >>> friday, december 21st. "starting point" begins right now. >>> good morning, a major political blow for house speaker john boehner, one that will affect his position. house republicans abandons him, and it forced the speaker to cancel a vote on plan "b" which would have extended bush tax cuts on incomes below $1 million. congressional correspondent dana bash there was and watched it unfold. walk us through what happened? >> it really was stunning. that is the perfect word, soledad. i was watching all day, talking to republicans to try and figure out if the speaker had the votes. really hard to imagine he was so far out. so far out on this being a strategy. republicans want to prove that they won't let things go up. i was watching earlier votes. watching the speaker's team on the floor, trying to twist arms and trying to get republican votes, and clear from the expressions on the
is the fiscal cliff already here? >>> church bells will ring 26 times for the victims in sandsy hook. one week after the terrible tragedy. >>> friday, december 21st. "starting point" begins right now. >>> good morning, a major political blow for house speaker john boehner, one that will affect his position. house republicans abandons him, and it forced the speaker to cancel a vote on plan "b" which would have extended bush tax cuts on incomes below...
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>> uncertainty with the market, fiscal cliff. the debate isn't, you know, whether you should regulate or not regulate, whether you should have a fiscal responsibility plan or not. but make some decisions, let us know what the future is going to look like. what is health care going to look like? what are payroll taxes going to be? what is the corporate code going to look like? do we have a long-term plan to get these deficits under control? people just know what the rules are, what the game plan, they can follow it and react to it. there's a huge amount of uncertainty. >> i'm going to ask you to join us. do you think that uncertainty, as sheila is saying, is playing a huge role in all of this? i might interrupt you when these numbers come out. carry on. i'll jump in when the numbers come in from christine. >> the uncertainty is huge. you see it from business investment which is very weak. you're sitting there. there's about to be an election, which could mark a huge shift in policy. you don't know which way it's going to go. you'r
>> uncertainty with the market, fiscal cliff. the debate isn't, you know, whether you should regulate or not regulate, whether you should have a fiscal responsibility plan or not. but make some decisions, let us know what the future is going to look like. what is health care going to look like? what are payroll taxes going to be? what is the corporate code going to look like? do we have a long-term plan to get these deficits under control? people just know what the rules are, what the...
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one major risk imf cites, the fiscal cliff. that's why 60% of money analysts surveyed say congressional elections are more important for stocks than who wins the president yl election. fiscal cliff is automatic spending cuts and tax increases, 30% on average fper family. congress is running out of time to fix it. >> how often have we said that? congress is running out of time. >> they're not doing anything, though, unless they're running out of time. >> sometimes they still don't do anything. >> even after they run out of time. tough call this morning. one high school in germany, elsa branstrom. they've done away with with homework. it comes out to a 44-hour workweek or school week, doing aaway with homework. they want to give kids a chance to unwind a bit. and the quote is this. the teacher, head teacher says no child would be having their free time dominated by doing school work. they'll do more of their school work in class. >> 44-hour school week, they better not have school work. >> at the end of the day they're in a struc
one major risk imf cites, the fiscal cliff. that's why 60% of money analysts surveyed say congressional elections are more important for stocks than who wins the president yl election. fiscal cliff is automatic spending cuts and tax increases, 30% on average fper family. congress is running out of time to fix it. >> how often have we said that? congress is running out of time. >> they're not doing anything, though, unless they're running out of time. >> sometimes they still...